If you are looking to pursue a career in property management and want to know which positions come with the highest salary, here are some of the most lucrative roles in the field:
Senior Site Manager: This role involves overseeing the maintenance of one or more properties, managing staff, and ensuring compliance with regulations. With a salary range of $55,000 to $166,500 per year, it is one of the highest paying positions in property management.
Director of Property Management: This position involves managing the overall operations of a property management company, overseeing budgets, staffing, marketing, and leasing. It comes with a salary range of $83,000 to $250,000 per year, depending on the size of the company.
Site Engineer: A site engineer is in charge of the infrastructure and utilities of a property, including the HVAC systems, electrical and plumbing systems, and other mechanical components. This role can pay anywhere from $67,000 to $154,000 per year.
Senior Property Manager: This position involves managing a portfolio of properties, supervising staff, organizing maintenance and repairs, and negotiating leases. It can pay between $65,000 to $150,000 per year.
Regional Property Manager: This role involves managing a group of properties within a specific region, overseeing the work of site managers and other staff, and conducting regular property inspections. Salaries for this position can range from $63,000 to $136,500 per year.
Commercial Property Manager: Commercial property managers oversee the management of office buildings, retail centers, and other commercial properties. With a salary range of $50,000 to $127,000 per year, this is a highly sought-after position in property management.
Real Estate Operations Manager: This role involves managing all aspects of a real estate company’s operations, including property management, leasing, marketing, and finance. Salaries for this position can range from $80,000 to $231,000 per year.
Assistant Director of Residence Life: While not directly in property management, this role involves managing residential facilities for colleges and universities. The salary range for this position is $51,000 to $94,000 per year.
Ultimately, the most lucrative property management role depends on the specific skills and interests of the individual and their desired level of responsibility.